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Jayanta Bandyopadhyay   22 October 2021

Gst on under construction and ready to move flat

In exchange of old building, promoters allot one flat in Kolkata.

How much gst is payable and on what amount?

If we show this as ready to move flat, can we avoid gst

Please guide



 1 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     22 October 2021

GST to be charged at 5% without Input Tax Credit (ITC) on residential properties that are not part of the affordable housing segment. GST to be charged at 1% without ITC on residential properties that are included in the affordable housing segment.

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